MERAFE RESOURCES LIMITED - Fourth quarter 2016 ferrochrome price announcement

Fourth quarter 2016 ferrochrome price announcement

Merafe Resources Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1987/003452/06)
JSE share code: MRF
ISIN: ZAE000060000
(“Merafe” or “Company”)

Fourth quarter 2016 ferrochrome price announcement
Shareholders of the Merafe are advised that the European benchmark
ferrochrome price for the fourth quarter of 2016 has been settled at
110USc per pound, an increase of 12.2 percent from the 98USc per pound
price in the third quarter of 2016.

26 September 2016

Sponsor: Merrill Lynch South Africa (Pty) Ltd

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